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spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be

  • #1
  • Quote
  • First Post: Nov 20, 2008 9:16pm Nov 20, 2008 9:16pm
They said G/J spread is 7 pips on their website. Yesterday I found it's actually 10 pips. But just now I found they increased it to 12 pips! They keep changing it all the time! Anyone noticed that?
  • #2
  • Quote
  • Nov 23, 2008 1:46am Nov 23, 2008 1:46am
Yes, they widened the normal spreads in October on live accounts.
http://www.alpari.co.uk/en/company-news/232.html

Day spread on GBPJPY 10
Night spread 12.
  • #3
  • Quote
  • Nov 23, 2008 3:05am Nov 23, 2008 3:05am
And that's indeed a good sign! Alpari isn't one of the scammers who have fixed spreads all the time. During high volatility and low liquidity the spreads are wider than normal.
  • #4
  • Quote
  • Apr 1, 2009 9:37am Apr 1, 2009 9:37am
Quoting jpapin
...a serious outfit with multi bank price feeds...
This thread is a bit old, but for clarification purposes, the above does not describe Alpari. They are a market maker, aka bucketshop; they do not have "multi bank price feeds..."

FYI...
  • #5
  • Quote
  • Nov 11, 2009 2:09pm Nov 11, 2009 2:09pm
Quoting dogberry
They said G/J spread is 7 pips on their website. Yesterday I found it's actually 10 pips. But just now I found they increased it to 12 pips! They keep changing it all the time! Anyone noticed that?
I can not say anything good about this broker. I found different non NFA broker (forex uk). I was impressed when they gave me refund in 2 days for a mistake they made. No need to fight for anything. Good luck.
  • #6
  • Quote
  • Nov 11, 2009 9:26pm Nov 11, 2009 9:26pm
Quoting Xaron
And that's indeed a good sign! Alpari isn't one of the scammers who have fixed spreads all the time. During high volatility and low liquidity the spreads are wider than normal.
I don't think that show's they're are great people. advertise 7 charge 10......... yeh great guys! and just imagine the re-quotes you would get on the G/J with em!
  • #7
  • Quote
  • Last Post: Nov 11, 2009 9:28pm Nov 11, 2009 9:28pm
Quoting dogberry
They said G/J spread is 7 pips on their website. Yesterday I found it's actually 10 pips. But just now I found they increased it to 12 pips! They keep changing it all the time! Anyone noticed that?
GoMarkets offer 4 in high liquidity times why not look at them, no com either.
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